Burgundy Grands Crus: prices keep on soaring | Auction report

The sale of the Clos de Tart had not yet been confirmed. However, during the online auctions of 11th and 25th October on iDealwine, many Grands Crus that we thought were already at the top in terms of price, continued to increase. The most prestigious ones indeed reached new thresholds. Is it a simple focus on attractive Burgundy or a sustainable phenomenon? The answer will come in a few months. For now, let’s take a look at the exceptional auctions recorded on iDealwine last month.

Domaine de la Romanée-Conti overcame the threshold of €4,000 in the sale of 11th October with Montrachet 2006, priced at €4,378 (+51%). These rare bottles are very hard to find in sales. Notice – and this is also rare – that it is a connoisseur from France who made the price of this incomparable Chardonnay increase considerably.

Other bottles also sold for more than €2,000. Two wines from Domaine de la Romanée-Conti: Echézeaux 2009 went for €2,189 (+108%), and Grand Cru La Tâche 1992 for the same price (€2,189, +103%). A wine lover paid €2,067 (+30%) to become the owner of La Romanée 2000 (Liger-Belair); another paid €2,250 (+38%) for Vosne-Romanée Cros Parantoux 1999 from Emmanuel Rouget. Mature vintages are not left behind: Musigny 1947 from Domaine de Vogüé, acquired by a great Austrian collector, reached €2,006 (+28%). Whites were also part of the game: Meursault Les Perrières 2002 from Coche-Dury sold for €2,250 (+44%).

In terms of records, we invariably find the trio of flagship names from Côte de Nuits: Armand Rousseau, Georges Roumier and Leroy. During the iDealwine auction of 11th October, they all hit the headlines again, with prices that greatly rose, reaching the threshold of €1,000 per bottle. Thus, Chambertin 2001 from Armand Rousseau went under the hammer for €1,277 (+33%). From Chambolle-Musigny, the famous 1er Cru Les Amoureuses 2007 from Roumier sold for €1,642 (+44%) while, in white, the Corton-Charlemagne 1991 (Leroy) climbed to €1,094 (+131%) and the Puligny- Montrachet En La Richarde 2002 from Domaine D’Auvenay auctioned €1,155 (+88%), is being shipped to Hong Kong.

Burgundy Grands Crus: success for white wines

In that respect, it should be noticed that great Chardonnay wines are on the rise right now, especially booming names – or even stars – from Meursault. The 1er Cru Goutte d’Or 2006 from Arnaud Ente was indeed auctioned €292 (+41%) to an Asian connoisseur. Already well established, Domaine Roulot continues to shine: its 1er Cru Perrières 2010 went for €730 (+82%) to a Chinese bidder, while the 1er Cru Charmes 2008 from the same domain soar to €413 (+116%) to the United Kingdom. In the 2007 vintage this cuvée reached €401 (+142%). Unmissable in the landscape of superb white Burgundy, the « simple » Meursault 2007 from Coche-Dury also sold for €413 (+25%) in October, acquired by a Danish bidder.

In the wake of these ​​exceptional values, the whole Burgundy seems to shine brightly recently. Among names currently recording strong price rises, let’s notice Domaine d’Argerville from Côte de Beaune, with its 1er Cru Clos des Ducs Volnay 1988 which increased of 45% reaching €189. From the heart of the Côte de Nuits, the success of Domaine Mugnier wines is not fading away (€608 for Chambolle Amoureuses 2008, +11%, and €596 for the same wine in 2006, +26%). Also remarkable, the performance of Grands Crus La Grande Rue 1989 from Domaine Lamarche, auctioned €365 (+71%), or Clos de la Roche 2010 from Dujac, sold for €620 (+44%).

And what about Clos de Tart? The 2010 was sold at a relatively stable price level on 11th October, at €353 (+2%), but that was before the announcement of the sale of the domain…